The Legalities of Gambling in South Korea - Expat Bets

South Korean gambling laws are governed by a series of statutes aimed at maintaining public order and preventing the adverse effects of gambling addiction. The Criminal Code strictly prohibits most gambling activities within the country, with some exceptions. Penalties for unauthorized gambling are severe, including fines and ...

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Exploring The Legality of Gambling in Korea in 2025 - PlayToday.co

The Casino Industry in South Korea. Existing gambling laws for South Korean citizens are strict. It is unlawful for South Koreans to gamble in Casinos – and anyone who breaches the law will be punished severely. However, in 1995, the Korean government legalized gambling for domestic citizens, and Kangwon Land Casino opened to the public.

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iGaming Regulations Around The World: What You Must Know [2025 Update]

South Korea Bans Most Forms of Gambling. In South Korea, only a few select forms of gambling are permitted, such as horse racing, cycling, and lottery. Casinos are banned except for one foreigner-only casino. An anti-gambling law passed in 1995 banned all other forms of gambling.

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The Impact of South Korea’s Strict Gambling Laws on Expats

Curious how gambling laws on expats in Korea affect those who want to bet on casinos in the country? South Korea is renowned for its vibrant culture, technological innovations, and strict approach to gambling. For expats living in the country, navigating these stringent gambling laws can be complex.While South Korea offers legal betting avenues like horse racing, sports betting, and select ...

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Korea clamps down on gambling businesses exploiting legal loophole

Under South Korean law, specifically Article 246 of the Criminal Act, gambling is generally prohibited, except for minor bets made for entertainment and at certain government-authorized facilities. The only legal casino for South Koreans is Kangwon Land Casino in Gangwon Province, established under the Special Act on the Assistance to the Development of Abandoned Mine Areas in the 1990s.

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South Korea sees spike in online gambling - igamingbusiness.com

The National Gambling Control Commission (NGCC) estimates that 2.37 million adults in South Korea – about 5.5% of the population – meet the criteria for gambling addiction, the Korea Times reported last week. Illegal gambling revenue grew from KRW70tn in 2016 (£39bn/€46.7bn/$50.68bn) to KRW102tn in 2022. As in other markets, the spike is attributed to Covid-19 shutdowns and the ...

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How Korean Gambling Laws Compare to Other Countries

This prohibition for locals aims to curb gambling addiction and protect the social fabric of Korean society, reflecting the cautious approach to gambling that is typical of many East Asian countries. Unlike countries with more liberal gambling laws, South Korea’s strict regulation reflects the nation’s desire to maintain social order and protect its citizens from the negative effects of ...

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The Future of Gambling in Korea: What Expats Should Expect

However, its gambling landscape is a mix of strict regulations and limited opportunities for residents, making it a fascinating topic for expats and visitors. With recent global trends and societal changes, the future of gambling in Korea is poised for potential shifts. Here’s what expats should anticipate. Current Gambling Laws in Korea

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A Guide to Sports Betting Laws and Regulations in South Korea

3.1 The Double Punishment Clause. One of South Korea’s most unique laws is the Double Punishment Clause, which criminalizes gambling by South Korean citizens even when conducted abroad.This extraterritorial application of gambling laws underscores the nation’s stringent stance on controlling its citizens’ betting behavior, regardless of jurisdiction.

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Are Online Casinos Allowed in Korea? - The Hake

The Legal Status of Gambling in Korea. Gambling is highly regulated in South Korea, with most forms of it outlawed for its citizens. While many other countries have loosened their gambling laws to pave the way for online casinos, South Korea still maintains some of the toughest gambling policies in the world.

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